Commodity Trade Mantra

Posts Tagged ‘Currency Traders’

Gold Prices Are Soaring Right Now - Here's What's Next

The World Gold Council said it’s largest customers, China, India & Russia will be adding to their stockpiles of physical gold & that the global stock market turmoil would be enough to keep gold demand strong this year. Well, I would say that’s all fine and good, but the main currency that gold is concerned about is the dollar.

Rising Strength in the Rupee will take Gold off the Indian Investors’ Radar

Indian stock markets got off to a roaring start with the rupee rising to its strongest in 11 months against the dollar after the Modi led BJP swept India’s elections to a thumping victory. With so many reasons for the dollar to fall & the Indian rupee to gain and rise; Why would gold prices in rupee terms, rise further?

Scandal: Bank Of England Encouraged Currency Manipulation By Banks

This report confirms that yet another conspiracy theory is fact, as at least one central bank has been exposed to not only have known about a criminal activity that is now costing the jobs of hundreds of traders (and should lead to jail time), but to have urged it on.

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